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Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Equites Property FundJSE:EQU +0.57%79 Interest Coverage is 2.62 as of Feb. 2026, which is 55% below its 10-year median of 5.82. GuruFocus rates JSE:EQU with a GF Score™ of 79/100 and a GF Value™ of R13.45 (Significantly Overvalued). The stock has 12 warning signs investors should review. Among 685 REITs companies, Equites Property Fund ranks worse than 60.15% on this metric.
Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's
Operating Income
by its Interest Expense. Equites Property Fund's
Operating Income
for the
six
months ended in Feb. 2026 was R847 Mil. Equites Property Fund's Interest Expense for the
six
months ended in Feb. 2026 was R-323 Mil.
Equites Property Fund's interest coverage for the quarter that ended in Feb. 2026 was 2.62.
The higher the ratio, the stronger the company's financial strength is.
Warning Sign:
Ben Graham prefers companies' interest coverage to be at least 5. Equites Property Fund Ltd interest coverage is 2.46, which is low.
The historical rank and industry rank for Equites Property Fund's Interest Coverage or its related term are showing as below:
JSE:EQU'
s Interest Coverage Range Over the Past 10 Years
Min: 2.46 Med: 5.82 Max: 69.52
Current: 2.46
JSE:EQU's Interest Coverage is ranked worse than 60.15% of 685
companies
in the REITs industry
Industry Median: 3.02
vs JSE:EQU: 2.46
Equites Property Fund (JSE:EQU) Interest Coverage Explanation
Ben Graham requires that a company has a minimum interest coverage of 5 with the companies he invested. If the interest coverage is less than 2, the company is burdened by debt. Any business slow or recession may drag the company into a situation where it cannot pay the interest on its debt.
Interest Coverage is an important factor when GuruFocus ranks a company's overage Financial Strength .
Equites Property Fund Interest Coverage Related Terms
Equites Property Fund Interest Coverage Historical Data
* Premium members only.
The historical data trend for Equites Property Fund's Interest Coverage can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Note: For Interest Coverage, "No debt" indicates no long-term debt. An indication of "No Debt" does not necessarily mean that the company has no long-term debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.
JSE:EQU vs PLD, PSA, EXR: Interest Coverage Comparison
For the REIT - Industrial subindustry, Equites Property Fund's Interest Coverage, along with its competitors' market caps and Interest Coverage data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Equites Property Fund Interest Coverage vs REITs Industry
For the REITs industry and Real Estate sector, Equites Property Fund's Interest Coverage distribution charts can be found below:
* The bar in red indicates where Equites Property Fund's Interest Coverage falls into.
Equites Property Fund Interest Coverage Calculation
Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income (EBIT) by its Interest Expense:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Equites Property Fund (JSE:EQU) has a Interest Coverage of 2.62 as of Feb. 2026. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Equites Property Fund and its competitors. This is 55% below median its historical median of 5.82. Over the past decade, Equites Property Fund's Interest Coverage has ranged from 2.46 to 69.52. According to the industry distribution chart, Equites Property Fund ranks #412 out of 685 companies in the REITs industry, placing it in the top 60.1%.
Is Equites Property Fund's Interest Coverage too high?
Equites Property Fund's current Interest Coverage of 2.62 is 55% below median its 10-year median of 5.82. Over the past 10 years, this metric has ranged from a low of 2.46 to a high of 69.52. The REITs industry median Interest Coverage is 3.02. Equites Property Fund's value of 2.62 is 13.2% below this industry median. Based on the distribution chart, Equites Property Fund ranks #412 out of 685 companies in the REITs industry, which is below the industry midpoint. Overall, Equites Property Fund has a GF Score™ of 79/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Equites Property Fund's Interest Coverage compare to PLD and PSA?
According to the REITs industry distribution chart, Equites Property Fund ranks #412 out of 685 companies for Interest Coverage. This places Equites Property Fund in the lower half of its industry. The industry median Interest Coverage is 3.02. Equites Property Fund's value of 2.62 is 13.2% below this benchmark. Historically, Equites Property Fund's own Interest Coverage has ranged from 2.46 to 69.52 over the past decade. While the company's 10-year median is 5.82 vs. the industry median of 3.02, Equites Property Fund has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Interest Coverage for a REITs company?
The median Interest Coverage among REITs companies is 3.02, based on 685 companies in the industry. Companies in the top quartile (top 25%) have a Interest Coverage significantly above this median, while those in the bottom quartile fall well below. However, Interest Coverage should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Equites Property Fund's current Interest Coverage of 2.62 is 13.2% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Interest Coverage mean?
A high Interest Coverage can signal that a stock is expensive relative to its fundamentals. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Equites Property Fund and its competitors. For the REITs industry, the median Interest Coverage is 3.02 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Equites Property Fund's current Interest Coverage is 2.62, which is 55% below median its own 10-year median of 5.82. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Equites Property Fund stock overvalued right now?
Based on GuruFocus' analysis, Equites Property Fund (JSE:EQU) is currently considered Significantly Overvalued. The stock's GF Value™ is R13.45, compared to a current price of R17.79 — trading 32.3% above its estimated fair value. The current Interest Coverage is 2.62, which is 55% below median its 10-year median of 5.82 and 13.2% below the REITs industry median of 3.02. Equites Property Fund's overall GF Score™ is 79/100 with 12 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Interest Coverage calculated?
Interest Coverage is calculated from a company's financial statements. For Equites Property Fund (JSE:EQU), the current Interest Coverage is 2.62 as of Feb. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Equites Property Fund (JSE:EQU) Overvalued in 2026?
Based on GuruFocus' analysis, Equites Property Fund stock appears to be overvalued.
The current stock price of R17.79 is trading 32.3% above its estimated GF Value™ of R13.45.
GuruFocus considers Equites Property Fund to be Significantly Overvalued.
Key valuation signals for JSE:EQU:
Interest Coverage: 2.62 (55% below median its 10-year median of 5.82)
GF Value™: R13.45 vs. price of R17.79 (32.3% above fair value)
Industry Position: 13.2% below the REITs median (#412 of 685)
No single metric tells the full story. See the JSE:EQU stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Equites Property Fund Ltd generates rental income from investment in and development of modern logistics facilities. Its business activities include development, acquisition of vacant land and brownfield opportunities, acquisition of tenanted property, property management, and capital management. The Group operates through three reportable segments: SA Industrial, generate maximum revenue, which incorporates all the SA industrial and logistics assets; UK Developer, which relates to the disposal of land and turnkey developments; and Other, which comprises non-property-related activities. The Group has industrial and logistics assets in the Western Cape, Eastern Cape, Gauteng, and KwaZulu-Natal, and one ongoing development site in the UK.
79GF Score
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